Price Action

[yogibear]

US 30 yr, currently +380 pips

[yogibear]

eur/usd [email protected] b/e

[trade4life]

Can someone start trading Forex with an initial investment of $150?

Normally, you need at least $250 to begin trading. $150 is really small. I would never trade with less than a $1,000 account. If you want to learn more about the basics of Forex trading check out this forex trading basics course.

[yogibear]

thread now closed.
Good trading to all.

[Nero]

Do you think you can help me out with this a bit?

[sniper012]

You can start with $150 but it will take you a long time to build that account up. You might be better off practice trading until you feel more comfortable putting more money in your account.

Can someone start trading Forex with an initial investment of $150?

[togotugu]

This is a good conversation.

[FxTooth]

As with most things in Forex. this depends on understanding how an indicator works and how each trader's ability to apply this knowledge to interpret indicator movement to price action.

What does this mean to me? Again, it goes to the heart of the matter, what came first? The price action or the indicator that caused the price action.

That's a good point like... i get what you are saying when price hits a moving average and causes a pin bar... are we trading the pin bar or the moving average?

[2ndSkiesForex]

That's a good point like... i get what you are saying when price hits a moving average and causes a pin bar... are we trading the pin bar or the moving average?

Hello FXTooth,

Being a price action trader and seeing this thread, I'd like to get involved as there is some interesting discussion here, particularly related to your question.

In regards to whether we are trading the moving average or the pin bar, the answer is neither. The pin bar is the 'effect', not the 'cause'. The cause is the order flow, and when dealing with pullbacks in trends, sure, the market often relates to the 20ema, but not always. Sometimes it breaches it by a lot, only to stop at a key s/r level.

More often than not institutionals place their orders around levels, as this is the wholesale prices and the best ones you can often get. The pin bar or 50% retracement of the pin bar often offers the 2nd, 3rd or 4th best price as the tail rejection is the wholesale price and therefore best.

That is why the 50% retrace can be inefficient as you are getting a retail price, but moreso, you are trading the effect, not the cause.

This is why it is important you learn to read price action in real time so you can understand the order flow behind it, where the market is reacting to, where there is strength, weakness, the speed of the buying and selling, the impulsive and corrective moves....all critical to learning to trade price action.

So the answer to the question is you are not trading the pin bar which is reactive, or the 20ema, but neither, and hopefully you are trading order flow.

But i'll be starting a new thread on learning to read and trade price action by learning to read the order flow behind it.

Hope this helps.

Kind Regards,
Chris

[FXman]

I care, please continue with the price action goodness

[Paprika]

Ah, what a waste of a thread, it started out well of course

[Paprika]

The "FOREX POLICE" lol...

Here's the Forex Police with their smash hit, "Trader with a Broken Chart"

****ing psycho....

[mo4forex]

Trading without Indicators is the best way to trade!



Learn the ins and outs of NAKED TRADING with PRICE ACTION in 10 minutes or less every day, for the rest of your life!





Just by going back through old system and looking at old charts, this will teach you to come up with a much better system of trading with Forex and making money consistently. If you are someone who wins a few and loses a few more, especially when you try to “second-guess” the system, or if you are constantly giving Forex “one last try,” you really need to give a price action only system a try instead. Wouldn't it be wonderful to learn just what is hiding in plain sight on each and every chart you use?


This is the truth of how to make money in Forex, you may end up hating this because everything you've been taught was a lie, but if you ignore this system you will continue struggling. This system will even work for those who have been in the market for years but still cannot make consistent profits. Apparently, one of the keys is to not place even one indicator on your charts because it stops you from seeing what is really happening on the market. What you will do is put together a series of strategies that ends up being an continuous Pip Earning which made him consistent profits.


Start watching these online videos now and stop losing in Forex Trading!!!

[mo4forex]

Trading without Indicators is the best way to trade!



Learn the ins and outs of NAKED TRADING with PRICE ACTION in 10 minutes or less every day, for the rest of your life!





Just by going back through old system and looking at old charts, this will teach you to come up with a much better system of trading with Forex and making money consistently. If you are someone who wins a few and loses a few more, especially when you try to “second-guess” the system, or if you are constantly giving Forex “one last try,” you really need to give a price action only system a try instead. Wouldn't it be wonderful to learn just what is hiding in plain sight on each and every chart you use?


This is the truth of how to make money in Forex, you may end up hating this because everything you've been taught was a lie, but if you ignore this system you will continue struggling. This system will even work for those who have been in the market for years but still cannot make consistent profits. Apparently, one of the keys is to not place even one indicator on your charts because it stops you from seeing what is really happening on the market. What you will do is put together a series of strategies that ends up being an continuous Pip Earning which made him consistent profits.


Start watching these online videos now and stop losing in Forex Trading!!!